Community First Credit Union Of Flo Mortgage Rates, Fees & Info

Jacksonville, FL

LEI: 549300PIL90PE1ZLKI49

Tax ID: 59-0227113

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Community First Credit Union Of Flo is a smaller credit union specializing in Cash Out Refi and Home Purchase loans. Community First Credit Union Of Flo has a high proportion of conventional loans. Their top markets by origination volume include: Jacksonville, Deltona, Orlando, Palatka, and Pensacola among others. We have data for 21 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Community First Credit Union Of Flo has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Community First Credit Union Of Flo is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.04% 4/28/24
    30 Year Conventional Refi 6.38% 4/28/24
    30 Year Cash-out Refi 6.49% 4/28/24
    15 Year Conventional Purchase 6.21% 4/28/24
    15 Year Conventional Refi 6.05% 4/28/24
    15 Year Cash-out Refi 6.05% 4/28/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    Community First Credit Union Of Flo Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Community First Credit Union Of Flo. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    969

    Origination Dollar Volume (All Markets)

    $154,445,000

    Awards

    COMMUNITY FIRST CREDIT UNION OF FLO 30 Year Conventional Loans gold COMMUNITY FIRST CREDIT UNION OF FLO 30 Year Conventional Loans bronze
    Show all (2) awards

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    JACKSONVILLE, FL (FHA|USDA|VA) 903 $140,925,000 $156,063 $1,738 4.73%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 15 $3,655,000 $243,667 $3,049 4.55%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 5 $1,615,000 $323,000 $3,978 5.18%
    Outside of Metro Areas 9 $1,365,000 $151,667 $3,336 4.93%
    Palatka, FL (FHA|USDA|VA) 9 $1,195,000 $132,778 $1,466 5.60%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 4 $880,000 $220,000 $3,492 3.04%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 2 $870,000 $435,000 $5,011 6.56%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 4 $610,000 $152,500 $1,806 5.15%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 2 $600,000 $300,000 $3,477 4.54%
    GAINESVILLE, FL (FHA|USDA|VA) 3 $425,000 $141,667 $2,262 4.93%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $365,000 $365,000 $2,638 5.50%
    St. Marys, GA (FHA|USDA|VA) 2 $350,000 $175,000 $2,347 5.88%
    ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 1 $275,000 $275,000 $3,291 5.13%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $255,000 $255,000 $1,924 4.25%
    TALLAHASSEE, FL (FHA|USDA|VA) 2 $230,000 $115,000 $1,486 6.12%
    Maysville, KY (FHA|USDA|VA) 1 $205,000 $205,000 $6,451 5.13%
    PANAMA CITY, FL (FHA|USDA|VA) 1 $195,000 $195,000 $2,612 5.50%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $145,000 $145,000 $0 6.72%
    ERIE, PA (FHA|USDA|VA) 1 $125,000 $125,000 $2,806 3.75%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $115,000 $115,000 $2,469 4.28%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $45,000 $45,000 $0 5.16%
    Community First Credit Union Of Flo's top markets include Jacksonville, Deltona, Orlando, Palatka, and Pensacola among others.

    Their top states include:
  • Florida (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • New York (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against COMMUNITY FIRST CREDIT UNION OF FLO based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Suncoast Credit Union
    Similarity Rank: 688
    SPACE COAST Credit Union
    Similarity Rank: 1025
    COMMUNITY FIRST CREDIT UNION OF FLO
    Similarity Rank: 1071
    JAX
    Similarity Rank: 1260
    United Nations Federal Credit Union
    Similarity Rank: 2268
    FIRST EQUITY MORTGAGE INCORPORATED
    Similarity Rank: 2280
    Third Federal Savings and Loan Association of Cleveland
    Similarity Rank: 3159
    121 FINANCIAL
    Similarity Rank: 3720
    FAIRWINDS CREDIT UNION
    Similarity Rank: 5461
    VYSTAR
    Similarity Rank: 5940

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 969 $154,445,000 $159,386 $1,809 4.75%

    For 2022, Community First Credit Union Of Flo's most frequently originated type of loan was Conventional, with 969 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 271 $54,675,000 $201,753 $2,645 3.95%
    Home Improvement 269 $19,045,000 $70,799 $172 5.50%
    Home Purchase 194 $55,890,000 $288,093 $3,809 4.75%
    Other 145 $10,795,000 $74,448 $238 5.64%
    Refi 90 $14,040,000 $156,000 $2,408 3.48%

    For 2022, Community First Credit Union Of Flo's most frequently cited loan purpose was Cash Out Refi, with 271 originations. The 2nd most popular reason was Home Improvement, with 269 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 393 $100,015,000 $254,491 $3,367 4.44%
    10 Year 230 $13,700,000 $59,565 $36 4.83%
    15 Year 223 $26,335,000 $118,094 $1,341 4.63%
    20 Year 123 $14,395,000 $117,033 $996 5.82%

    For 2022, Community First Credit Union Of Flo's most frequently cited loan duration was 30 Year, with 393 originations. The 2nd most popular length was 10 Year, with 230 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 945 $145,815,000 $154,302
    $5k+ 9 $4,105,000 $456,111
    $1k-2k 6 $2,350,000 $391,667
    $2k-3k 3 $815,000 $271,667
    $3k-4k 3 $685,000 $228,333
    $4k-5k 3 $675,000 $225,000

    Community First Credit Union Of Flo's average total fees were $3,367, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 945 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 302 $57,190,000 $189,371
    5-6% 219 $34,405,000 $157,100
    4-5% 176 $27,760,000 $157,727
    6-7% 125 $13,845,000 $110,760
    2.5-3% 69 $12,725,000 $184,420
    7-8% 43 $2,945,000 $68,488
    <2.5% 18 $4,380,000 $243,333
    Over 8% 17 $1,195,000 $70,294

    During 2022, Community First Credit Union Of Flo's average interest rate for loans was 4.44%, while their most frequently originated rate bucket for loans was 3-4%, with 302 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 408 $22,490,000 $55,123 $318 5.30%
    $100k-200k 261 $37,655,000 $144,272 $1,967 4.41%
    $200k-400k 255 $70,905,000 $278,059 $3,249 4.32%
    $400k-600k 35 $16,365,000 $467,571 $5,717 4.24%
    $600k-1MM 10 $7,030,000 $703,000 $8,148 3.83%

    2022 saw Community First Credit Union Of Flo place emphasis on $100,000 or less loans with 408 originations, totaling $22,490,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 251 $46,055,000 $183,486 $2,006 4.85%
    $50k-75k 228 $28,560,000 $125,263 $1,550 4.55%
    $75k-100k 202 $30,920,000 $153,069 $1,883 4.89%
    $150k-250k 143 $30,915,000 $216,189 $2,023 4.90%
    $50k or less 117 $11,195,000 $95,684 $1,430 4.43%
    $250k+ 27 $6,735,000 $249,444 $2,194 4.91%

    Community First Credit Union Of Flo lent most frequently to those with incomes in the $100k-150k range, with 251 originations. The second most popular income band? $50k-75k, with 228 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 236 $40,040,000 $169,661 $2,023 4.76%
    20-30% 202 $33,190,000 $164,307 $2,008 4.48%
    <20% 66 $9,450,000 $143,182 $1,881 3.90%
    42% 61 $9,155,000 $150,082 $1,614 5.09%
    40% 53 $8,645,000 $163,113 $1,644 5.21%
    38% 51 $7,665,000 $150,294 $1,723 4.88%
    41% 47 $5,955,000 $126,702 $1,061 5.29%
    37% 44 $7,780,000 $176,818 $1,785 4.73%
    36% 43 $7,025,000 $163,372 $1,729 4.57%
    39% 42 $7,900,000 $188,095 $2,202 4.99%
    43% 40 $6,710,000 $167,750 $1,730 4.56%
    44% 40 $5,110,000 $127,750 $1,166 5.33%
    46% 17 $2,065,000 $121,471 $1,390 4.88%
    45% 13 $1,225,000 $94,231 $784 5.95%
    47% 5 $1,015,000 $203,000 $1,896 3.83%
    48% 5 $905,000 $181,000 $2,506 4.83%
    49% 4 $610,000 $152,500 $1,439 4.73%

    Community First Credit Union Of Flo lent most frequently to those with DTI ratios of 30-36%, with 236 originations. The next most common DTI ratio? 20-30%, with 202 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 710 $112,310,000 $158,183 $1,737 4.76%
    Black 128 $19,420,000 $151,719 $1,757 4.79%
    Not provided 100 $16,140,000 $161,400 $2,057 4.59%
    Asian 22 $4,990,000 $226,818 $3,503 4.97%
    American Indian 6 $700,000 $116,667 $752 5.30%
    Other Asian 1 $355,000 $355,000 $1,977 3.00%
    Native Hawaiian or Islander 1 $335,000 $335,000 $3,570 3.38%
    Other Pacific Islander 1 $195,000 $195,000 $2,483 3.50%

    Approval Rates

    Total approvals of all applications
    70.99%

    Community First Credit Union Of Flo has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    78.64%

    Community First Credit Union Of Flo has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 969 $154,445,000 $159,386

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    969 $154,445,000 $159,386

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 189 $21,835,000 $115,529 $1,155 4.86%
    40-60% 141 $26,925,000 $190,957 $2,784 3.91%
    60-80% 197 $50,805,000 $257,893 $3,232 4.19%
    80-100% 122 $37,690,000 $308,934 $3,834 4.56%
    Under 20% 320 $17,190,000 $53,719 $119 5.46%

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    Community Loan Servicing, LLC (formerly known as Bayview Loan Servicing, LLC) FHA mortgage Struggling to pay mortgage 2 66.7%
    Community Loan Servicing, LLC (formerly known as Bayview Loan Servicing, LLC) Other type of mortgage Trouble during payment process 1 33.3%